Business Banking / Corporate / Deposits / Term Deposit Terms & Conditions

Term Deposit Terms & Conditions

In the absence of written instruction of the depositor/s to the contrary given to and received by the bank on or before any renewal of this deposit, the deposit will be renewed by the Bank at its discretion the first and each successive maturity for a like term at the rate of the interest currently paid by the Bank at each renewal date on deposits for such term and unpaid interest shall be added to each deposit renewed or deposed of as instructed.

Early redemption of this deposit in the normal course is not permitted however, if such a request is agreed to by the Bank the redemption will attract an interest penalty to be advised at the time of the transaction.

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